Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
harrymmmm
on 05/04/2017, 18:24:17 UTC
Mexico announced a bill saying "Bitcoin is officially viewed as a digital asset to Mexican exchanges"
https://news.bitcoin.com/mexico-bill-bitcoin-game-changer/?utm_source=dlvr.it&utm_medium=twitter

Will this designation improve or hinder bitcoin's growth in the long run?
It is a good publication for bitcoin but some may not accept it or even oppose it, maybe in the long run it may but people are afraid of changes once in a while.
It is strange to see Mexico designate it as such s a and Japan viewing it viable fiat which can be used in their banking system while Thailand has straight out banned it from being used at all.
Until the day that every country can just accept it for it is then I am afraid bitcoin will never come in being recognized as a true currency that it should be.


Do not ever believe it when a news article states that a country has banned Bitcoin. Most people do not verify it because they do not speak the native language.

Every time I have checked into one of these "X country just banned Bitcoin!", it is usually the central bank making a statement that they will not allow Bitcoin on their system. It's like saying that Burger King burgers are banned because the CEO of McDonalds releases a statement saying that no Burger King burgers will be sold by McDonalds. Then McDonalds goes on to warn about the risk you are taking by eating a Burger King burger.

Sure, some central banks have a tighter hold on their country's government than others but there is never a ban. If you go on localbitcoins you can buy/sell in every country in the world except Germany. And that is only because Germany declared Bitcoin a "private money". But in so doing, they tied all of their regulations to money to Bitcoin which included having a license to run an exchange (and they considered localbitcoins an exchange).
Well banned isn't the right word my mistake. But Thailand are arresting people for using it so it is a law.
And I didn't see this on the news. It was mentioned on here by another member. So this is were I first heard of it. And I was also in a questionable sense when I heard of this.

Thailand never banned bitcoin. That was a misinterpretation of a memo from a bank that actually didn't even have the power.

And re Thailand 'arresting people for using" bitcoin. Lol. Where on earth did that stupid idea come from?